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HHS Accounting Ch10

Terms for Chapter 10 - Century 21 General Journal 10e

TermDefinition
A cash discount on a sale taken by the customer sales discount
The amount a business receives from the sale of an item of merchandise selling price
The process of preparing a batch report from a point-of-sale terminal batching out
A special journal used to record only cash receipt transactions cash receipts journal
A report of credit card sales produced by a point-of-sale terminal batch report
A sale in which the customer pays for the total amount of the sale at the time of the transaction cash sale
A subsidiary ledger containing all accounts for charge customers accounts receivable ledger
A special journal used to record only sales of merchandise on account sales journal
A tax on a sale of merchandise or services sales tax
The amount a business adds to the cost of merchandise to establish the selling price markup
A specialized computer used to collect, store, and report all the information about a sales transaction point-of-sale (POS) terminal
The report that summarizes the cash and credit card sales of a point-of-sale terminal terminal summary
A listing of customer accounts, account balances, and total amount due from all customers schedule of accounts receivable
Created by: deblock